The investment seeks long-term capital appreciation.
The fund employs a "long/short" investment strategy to attempt to achieve capital appreciation and manage risk by purchasing stocks believed by the Advisor to be undervalued and selling short stocks believed by the Advisor to be overvalued. It primarily invests in equity securities that are traded on U.S. securities exchanges. The fund may also invest in investment grade fixed income securities, including up to 30% of the fund's assets in corporate and convertible bonds as well as debt issued by the U.S. government and its agencies. It is non-diversified.
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